This property looks like a bad Long-Term investment with a projected -19.81% first-year return on $72,261 initial cash invested.
-19.81%
Cash On Cash
3.02%
Cap Rate
0.44
DSCR
$1,690
Rent
-$1,193
Cashflow
Cash Flow
$1,690 income − $2,883 expenses = $1,193 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,261
Downpayment
20%
$68,820
Closing costs
1%
$3,441
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,690
Total Expenses
$2,883
Mortgage P&I
117%
$1,976
Property Taxes
20%
$341
Home Insurance
8%
$128
HOA
0%
$0
Property Management
10%
$169
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0